Private Client Services, commonly referred to as PCS, is a financial consultant based out of Louisville, Kentucky. They help launch new brokers and support their journey of helping others.
Private Client Services is the latest victim of digital criminals. Hackers accessed one of the company’s private email accounts, creating a pathway to access valuable client information.
Previous hacking incidents make it abundantly clear that seemingly minor breaches have the potential to lead to identity theft or even worse outcomes. Let's take a quick look at the Private Client Services breach to give readers a better sense of the current threat landscape and the importance of enhancing digital security protections at least once every year.
Hackers made their way into a targeted employee's email account. Once hackers accessed the email account, they stole driver's license numbers, social security numbers, full names, and even clients' identification numbers used for state-related government services. However, it took the company nearly half a year to file an official notice of the data breach and transmit a notification to compromised parties.
This breach occurred in November 2021.
The breach impacts Private Client Services customers. The data theft doesn’t bode well for the company, yet it probably won't lose much business simply because there is an excess demand for medical services and a limited supply.
Private Client Services sent more than 22,550 letters to affected parties. It is safe to assume the company erred on the side of caution by contacting customers whose data might have been accessed as well as those whose data was only partially accessed. Stay tuned as additional details of the PCS data breach are revealed. Some of those who received breach notification letters will likely become victims of identity theft or financial fraud, potentially setting the stage for legal recourse.